Blackbaud, Inc. (NASDAQ:BLKB) SVP Jon W. Olson sold 6,089 shares of the firm’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $100.00, for a total value of $608,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Blackbaud, Inc. (NASDAQ BLKB) traded up $0.07 during midday trading on Tuesday, reaching $100.12. The company had a trading volume of 324,608 shares, compared to its average volume of 313,592. Blackbaud, Inc. has a 52 week low of $71.48 and a 52 week high of $104.55. The company has a market cap of $4,811.37, a P/E ratio of 73.08, a price-to-earnings-growth ratio of 5.06 and a beta of 0.75. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.81 and a quick ratio of 0.63.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $0.48 annualized dividend and a yield of 0.48%. Blackbaud’s payout ratio is 35.04%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC increased its holdings in Blackbaud by 9.0% in the 4th quarter. Segall Bryant & Hamill LLC now owns 79,721 shares of the technology company’s stock worth $7,533,000 after buying an additional 6,589 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in Blackbaud in the 4th quarter worth about $4,887,000. Gotham Asset Management LLC increased its holdings in Blackbaud by 41.8% in the 4th quarter. Gotham Asset Management LLC now owns 5,609 shares of the technology company’s stock worth $530,000 after buying an additional 1,653 shares in the last quarter. Verition Fund Management LLC bought a new stake in Blackbaud in the 4th quarter worth about $343,000. Finally, Zeke Capital Advisors LLC bought a new stake in Blackbaud in the 4th quarter worth about $213,000.
Several equities analysts have recently weighed in on BLKB shares. Robert W. Baird raised their price target on Blackbaud from $85.00 to $95.00 and gave the company a “neutral” rating in a report on Monday, October 23rd. B. Riley set a $82.00 price target on Blackbaud and gave the company a “hold” rating in a report on Thursday, October 26th. Citigroup set a $112.00 price target on Blackbaud and gave the company a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Blackbaud from a “hold” rating to a “buy” rating and set a $115.00 price target for the company in a report on Monday, October 30th. Finally, Dougherty & Co started coverage on Blackbaud in a report on Tuesday, October 31st. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $97.50.
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Blackbaud Company Profile
Blackbaud, Inc is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU).
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